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Recently, several listed battery companies have released their reports for Q3 2023. Upon review, it was found that in the first three quarters of 2023, leading companies such as CATL and BYD were significantly ahead in terms of revenue and net profit compared to other enterprises. Additionally, second-tier battery companies like EVE Energy and Sunwoda are gradually widening the gap with other companies. Nonetheless, there are still some companies operating at a loss.

Compared to the rapid growth in previous years, the performance of Chinese battery companies in 2023 has shown a slowdown in growth, with some even experiencing negative growth in both revenue and net profit. As market competition intensifies, the Chinese battery market is poised for accelerated restructuring, leading to the elimination of some companies lacking core competitiveness and lagging production capacity.

Source: WeChat Official Account—鑫椤锂电

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